Im actually Dave's Number 1 student of all time and I say Dave is spot on with 100% debt free real estate !!!! I have 6 houses paid off now and now I'm blowing up at the speed of cash thanks to Dave !!!! LOL !!!! DAVE'S THEE BEST SOLID ADVICE EVER !!!! I do Clean and Sober living rental homes called Oxford Houses and I'm going to start up 50 homes over the next 30 years is my goal by the time I'm 80 !!!! HOW FUN IS THAT !!!!! Im able to help all of these people addicted to drugs and alcohol because of Dave Ramsey's teachings !!!!!
At 28:33 LOVE THAT !!!! "If you help enough people you don't have to worry about money" THIS IS ALWAYS WHAT I"VE BELIEVED !!!! Thats why I love doing Oxford Houses !!!!!
Ryan, thanks for bringing Dave on your podcast! I've only ever heard his teaching from a W2 perspective and have kind of dismissed his philosophy as not relevant for today, but to hear his views as a business owner really made me rethink what he's getting at with his "no debt" principles. More importantly, thank you for being bold in your faith and living out Romans 1:16. You and Dave both are leaders in what it means to live on mission and always point others towards Christ. I'm praying God would strengthen both of you to grow in the good works He's called you to!
This is your best interview yet! It really hits home. I believe that only after going all-in on debt as leverage and experiencing the fallout of a major market shift or economic downturn can you truly understand-and even appreciate-Dave Ramsey’s deeply "formed" and "informed" perspective on debt and financial peace. Powerful stuff!
This was one of the best interviews with Dave I've seen! Great talk you guys had. I'm not religious whatsoever, but I enjoyed the entire video, including the religious talk. More people need to learn to stop all the hate, and respect one another even if they dont agree on certain things.
Great interview. I’m a huge Dave Ramsey fan. His teachings helped me get my finances in order a few years and overall get my life together because once you’re disciplined with finances it transfers into other areas of your life. Great questions.
I’m 26 with 4.5 properties and I’m only at like 60% leverage. It’s crazy to think I could pay them off and replace the income I make working 47 hours a week. Without taking on any more responsibility. I’m planing on paying one off and see how it feels.
Great podcast.. I wish one of these days Dave would go into a little more detail on how he's been able to scale so big buying real estate with only cash. It's not that easy if you run the numbers to amass a 700m paid off portfolio, it's actually insane.
So, I love watching these types of videos…however, I’m not an entrepreneur. I’m just a nurse 🤷🏻♀️ My dad was an entrepreneur and I grew up around that (the ups, the downs, etc) and it NEVER appealed to me. I don’t care if I’ll never be “rich” but I do still want to live a comfortable life! I don’t need big and fancy things. I am however very very intrigued and interested in finances, investing, and economics overall. I feel like some of these real estate gurus look down upon us W2 workers. Everyone has their position in life. I think everyone can be successful however that looks for them ❤
Great interview Ryan. I’ve been listening to Dave Ramsey for 20 years. I never liked the real estate RUclipsrs who confused brains with a bull market who shit on Dave because they think leverage is a magical get rich quick idea.
I just modeled to see how long i can accumulate houses if i pay off a house then move on the next, i will get 2 rentals paid off when i retire at 65, now i am 35. I assume my primary home payment == extra saving for home == rental income per home, not including management & maintainance. And my annual salary raise is for other investment. 12 years for primary home, 10 years for 1st (including years to save for down), 7 years for 2nd. Can Dave share his math? I could be wrong.
The only way I could afford my condo in south Oc was that I bought in Dec of ‘09, 15 minutes from Laguna Beach. Bottom of the market. Locked at 2.9%. I make $80K a year . However , no credit card debt and have not had a car payment in 12 years. Being single, no kids , helps if I’m being realistic.
Just DCA into sp500 it is a no brainer. More diversified, fewer headaches, less risk . RE barely keeps up with inflation. You are lucky to break even on the monthly cash flow in most cases.
130 door here with 60% debt and I can’t even have a positive cash flow … I’m selling my portfolio and investing In the s&p … of course I made a lot with re but not enough to validate the headache
Dave selling a story he’s the only person I’ve ever heard of a bank calling his notes is all crap can he name any one else who went through that nope 😂 Dave sound exactly the same in every interview i swear he says the same things at the diner table every night people around him probably feel like there playing the never ending song
The thumbnail here is really misleading. In fact the whole video was kind of disappointing. Was really hoping for a healthy debate on debt responsibility as a real estate investor, especially as someone who's just looking to get into it for the first time and has been a Ramsey follower in the past... It felt like Ryan was nervous to ask questions that he knew Dave's answers to
Ya unfortunately we only had an hour so I had to choose wisely what I wanted to discuss. I could’ve spent 10 minutes on that but we all already know the answer to that question for him lol.
LOL !!!! Someday you will see. Leveraged debt for many many many years exposes yourself to a catastrophe !!!! You should chase the small mighty portfolio 100% debt free. Im actually Daves number 1 student of all time and im 100% debt free on 6 nice homes and I couldn't be happier !!!!! 😀😀😀😀😀
AT 37:30 WOW !!!! You can see the Joy in Daves face about helping others !!!!! LOVE IT !!!!!! I get the same rush volunteering to start up Oxford Houses !!!! Starting up the houses never gets old either !!!! I can totally relate to Dave !!!! 😀😀😀😀😀
Dave's advise is ok for people whose life is a mess and have little to no financial self discipline. For those people, staying out of debt is probably the right advise. However, his advise for disciplined people to pay off low interest rate mortgages early and to pay off credit card debts according to the net balance is completely wrong. Keep your low interest rate mortgages until you die and invest the difference in the market. You will be much richer over time. Also, paying off your debts according to interest rates will take you less time and cost you less money.
@@marshallwise1763 It isn't front loaded. You are paying a fixed percent of the principle balance throughout the mortgage term. It appears front loaded because the principle balance is larger at the front of end. The market will on average yield a higher return than the mortgage interest cost, even during the first year.
Im not paying on my house until I die. That's completely nonsensical You are still paying interest instead of earning it if you do that. You might clear 5%, which is just above a high yield savings account. And that's IF you bought your house 20+ years ago No one has been handing out 3-4% mortgage rates for a while now
@@canecorsomom2023 Yes but most people are still locked into them rates below 3% When I say invest the difference I am referring to the stock market, which on average clears way over 5%
Depends on your finances . 1000$ in XAI508P is 4000 XAI508P if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
Disagree with no RE debt. My case in point. Just sold a paid off 2 family that was cash flowing $1400 month. With the 440k proceeds I put half on a 4 family which will cash q flow $2000 month and the other half I did a collateralized loan that will get me $2100 a month in interest. Paid off property with tied up equity got me 1/3 of what I am now going to get. Makes no sense.
This guy said , he wouldn't take $1B with zero interest LMAO. Imagine having $700M in real estate and rates went to 1.9% and not taking anything back against it. He essentially cost himself a Billion dollars.
In today economy if banks crash the whole financial system will collapse. That’s why they bailed banks in 2008. So because the financial system is actually a big ponsi scheme risk is actually backed up by it. It’s pretty messed up, got play with the system.
All depends on what you call secondary issues. Most " Christians" dont agree with primary issues without knowing that they don't. Most "Christians" are deceived when it comes to the gospel.
Your content is absolutely delightful! I’d love to collaborate and help you maintain a regular upload schedule by managing the editing, thumbnails, and more. This way, you can focus on what you love-creating! Let’s chat tomorrow about how we can make this happen
Wealth or not..... work or not.... our life is not about us focusing on ourselves and our joy. Serving agod means you have to pick up your cross and die to yourself every day, follow Jesus' commands and teach the gospel. No where in there does it say build hundreds of millions of dollars and retire and be joyful. What did Jesus say to the rich man who asked what he had to do? Yet the rich man walked away sad. He couldnt give up everything, die to himself and follow Christ. E careful what you wish for. You dont want to end up like the rich man who couldn't give it all up and follow Christ.
You need to be called out on this you telling people to go do uber is extremely ignorant, within 1 year or less you can put Over 100,000 miles on your vehicle doing that so completely lose almost of of its value to depreciation and 10’s or thousands in vehicle repairs and maintenance also if they try todo it as a side hustle and that’s there only vehicle and they don’t have amazing credit your taking a car away from a family with no way for them to get another one and even if they do have excellent credit they are gonna end up going thru 1 car a year which means they are gonna be upside down on there car loan and keep rolling higher and higher until they $16k turns into $100k or higher loan bill of pure debit, and that’s with them working all day and night around the clock to make about $40k or less after all expenses are paid because Uber and Lyft steal 60 percent of the profit from the driver before paying us as 1099 independent contractors
AMEN !!!! I started out in leverage for many years and about 10 years ago I was like NO MORE !!!! I PAID OFF 6 HOUSES AND HAVE MASSIVE CASHFLOW NOW !!!! LOL !!!!! DAVE IS THE BEST !!!!
I can see right through Dave’s BS. He has damaged more people than helped. But people can’t see it, they are debt free, still broke, stay ignorant unless you wanna experience cognitive dissonance followed by either denial or enlightenment and actually become financially independent.
So much "pent up demand" as inventory continues to climb. LMAO Dave ain't worth his salt anymore. Stick to selling life insurance and Every Dollar my man
Im actually Dave's Number 1 student of all time and I say Dave is spot on with 100% debt free real estate !!!! I have 6 houses paid off now and now I'm blowing up at the speed of cash thanks to Dave !!!! LOL !!!! DAVE'S THEE BEST SOLID ADVICE EVER !!!! I do Clean and Sober living rental homes called Oxford Houses and I'm going to start up 50 homes over the next 30 years is my goal by the time I'm 80 !!!! HOW FUN IS THAT !!!!! Im able to help all of these people addicted to drugs and alcohol because of Dave Ramsey's teachings !!!!!
At 28:33 LOVE THAT !!!! "If you help enough people you don't have to worry about money" THIS IS ALWAYS WHAT I"VE BELIEVED !!!! Thats why I love doing Oxford Houses !!!!!
Ryan, thanks for bringing Dave on your podcast! I've only ever heard his teaching from a W2 perspective and have kind of dismissed his philosophy as not relevant for today, but to hear his views as a business owner really made me rethink what he's getting at with his "no debt" principles.
More importantly, thank you for being bold in your faith and living out Romans 1:16. You and Dave both are leaders in what it means to live on mission and always point others towards Christ.
I'm praying God would strengthen both of you to grow in the good works He's called you to!
Well said
STUPID!
You are DUMB! Bible thumper!
Did you know that Dave Ramsey fire his employee for being pregnant outside the marriage?
@@LA-xj3tz yes
Excellent interview, Ryan. Dave is the 🐐-people should take notes.
This is your best interview yet! It really hits home. I believe that only after going all-in on debt as leverage and experiencing the fallout of a major market shift or economic downturn can you truly understand-and even appreciate-Dave Ramsey’s deeply "formed" and "informed" perspective on debt and financial peace. Powerful stuff!
YUP !!!!!
This is the best one!!
I wish my real estate was all paid off. I need to change my ways!
I'd love to see Dave on again! Thx for having him on, Ryan!
Ryan’s def ahead of his time. Such smart young man.
EXCELLENT VIDEO RYAN !!!! LOVED EVERY MINUTE OF IT !!!!!
This was one of the best interviews with Dave I've seen! Great talk you guys had. I'm not religious whatsoever, but I enjoyed the entire video, including the religious talk.
More people need to learn to stop all the hate, and respect one another even if they dont agree on certain things.
Great interview. I’m a huge Dave Ramsey fan. His teachings helped me get my finances in order a few years and overall get my life together because once you’re disciplined with finances it transfers into other areas of your life. Great questions.
So much wisdom here ... I wish Dave was my grandpa ... Great interview, Ryan!
Loved this! Dave is solid
Great episode. Happy to call Ryan a former teammate and Dave Ramsey has been teaching me for years. (FOR FREE)
Thank you guys!
I’m 26 with 4.5 properties and I’m only at like 60% leverage. It’s crazy to think I could pay them off and replace the income I make working 47 hours a week. Without taking on any more responsibility. I’m planing on paying one off and see how it feels.
Great Show!
Great podcast.. I wish one of these days Dave would go into a little more detail on how he's been able to scale so big buying real estate with only cash. It's not that easy if you run the numbers to amass a 700m paid off portfolio, it's actually insane.
Thanks for sharing your story Dave and thanks to Ryan for hosting. In today’s market, could a lender ever call a 30 or 15 year note?
This is why my debt is all through creative financing. I set it up to eliminate risk of default.
Golden.. what a great opportunity to have him on. Really enjoyed it.
So, I love watching these types of videos…however, I’m not an entrepreneur. I’m just a nurse 🤷🏻♀️
My dad was an entrepreneur and I grew up around that (the ups, the downs, etc) and it NEVER appealed to me. I don’t care if I’ll never be “rich” but I do still want to live a comfortable life! I don’t need big and fancy things. I am however very very intrigued and interested in finances, investing, and economics overall. I feel like some of these real estate gurus look down upon us W2 workers. Everyone has their position in life. I think everyone can be successful however that looks for them ❤
Dave is the man!
Fun interview! Ryan you should attend Dave's Entreleadership events!
love dave ramsey!
Great interview Ryan. I’ve been listening to Dave Ramsey for 20 years. I never liked the real estate RUclipsrs who confused brains with a bull market who shit on Dave because they think leverage is a magical get rich quick idea.
Loved this episode, thank you!
Sweet colab!
Dave is the truth!!!
Ryan having a few Gundam models in the back makes him pretty cool.
I just modeled to see how long i can accumulate houses if i pay off a house then move on the next, i will get 2 rentals paid off when i retire at 65, now i am 35. I assume my primary home payment == extra saving for home == rental income per home, not including management & maintainance. And my annual salary raise is for other investment. 12 years for primary home, 10 years for 1st (including years to save for down), 7 years for 2nd. Can Dave share his math? I could be wrong.
If you buy real estate with cash you’ll die with 2 houses. 😂
And there is no valid reason to own more than one. Owning real estate you don't live in is stupid.
@ 🤣grumpy and stupid.
@ it’s a business. One of the oldest.
@@benitohernandez935 And one of the dumbest.
@@benitohernandez935 The irony of an American calling anyone stupid is hilarious. Stupidity is the only reason anyone would ever live in that country.
The only way I could afford my condo in south Oc was that I bought in Dec of ‘09, 15 minutes from Laguna Beach. Bottom of the market. Locked at 2.9%. I make $80K a year . However , no credit card debt and have not had a car payment in 12 years. Being single, no kids , helps if I’m being realistic.
Just DCA into sp500 it is a no brainer. More diversified, fewer headaches, less risk . RE barely keeps up with inflation. You are lucky to break even on the monthly cash flow in most cases.
Amen to this! Completely passive, little to no stress as long as you buy and hold for life!
130 door here with 60% debt and I can’t even have a positive cash flow … I’m selling my portfolio and investing In the s&p … of course I made a lot with re but not enough to validate the headache
Dave selling a story he’s the only person I’ve ever heard of a bank calling his notes is all crap can he name any one else who went through that nope 😂 Dave sound exactly the same in every interview i swear he says the same things at the diner table every night people around him probably feel like there playing the never ending song
Good podcast!
The thumbnail here is really misleading. In fact the whole video was kind of disappointing. Was really hoping for a healthy debate on debt responsibility as a real estate investor, especially as someone who's just looking to get into it for the first time and has been a Ramsey follower in the past... It felt like Ryan was nervous to ask questions that he knew Dave's answers to
Ya unfortunately we only had an hour so I had to choose wisely what I wanted to discuss. I could’ve spent 10 minutes on that but we all already know the answer to that question for him lol.
LOL !!!! Someday you will see. Leveraged debt for many many many years exposes yourself to a catastrophe !!!! You should chase the small mighty portfolio 100% debt free. Im actually Daves number 1 student of all time and im 100% debt free on 6 nice homes and I couldn't be happier !!!!! 😀😀😀😀😀
@@RyanPineda ok but what about the thumbnail. Is it cool to lie if it's for clickbait purposes? Where in this video did he say debt is good?
I guess it’s a physiological shift where u will find ways to increase your income in your business and which will accelerate your debt free journey
Principles over processes...best tidbit
Dave Ramsey is greatness
YUP !!!!!
Dave’s average employee makes $105k a year. That’s amazing.
AT 37:30 WOW !!!! You can see the Joy in Daves face about helping others !!!!! LOVE IT !!!!!! I get the same rush volunteering to start up Oxford Houses !!!! Starting up the houses never gets old either !!!! I can totally relate to Dave !!!! 😀😀😀😀😀
Time stamps?
agreed on XAI508P 36-38x coming up
Dave's advise is ok for people whose life is a mess and have little to no financial self discipline. For those people, staying out of debt is probably the right advise.
However, his advise for disciplined people to pay off low interest rate mortgages early and to pay off credit card debts according to the net balance is completely wrong. Keep your low interest rate mortgages until you die and invest the difference in the market. You will be much richer over time. Also, paying off your debts according to interest rates will take you less time and cost you less money.
💯
A low interest mortgage doesn't exist. Amortized mortgages are all interest front loaded. Read your amortization schedule. 😅
@@marshallwise1763 It isn't front loaded. You are paying a fixed percent of the principle balance throughout the mortgage term. It appears front loaded because the principle balance is larger at the front of end. The market will on average yield a higher return than the mortgage interest cost, even during the first year.
Im not paying on my house until I die. That's completely nonsensical
You are still paying interest instead of earning it if you do that. You might clear 5%, which is just above a high yield savings account. And that's IF you bought your house 20+ years ago
No one has been handing out 3-4% mortgage rates for a while now
@@canecorsomom2023 Yes but most people are still locked into them rates below 3%
When I say invest the difference I am referring to the stock market, which on average clears way over 5%
The government won't let real estate decline and become reasonable again. They will do whatever it takes.
Right, but we know that there’s always gonna be a tipping point and that has been called out for years and it looks like we are there.
Depends on your finances . 1000$ in XAI508P is 4000 XAI508P if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
Let’s be real-how many people can actually afford to live in places like Manhattan and Silicon Valley without going broke?
Interviewer says “ya know” way too much. Holy crap.
Ryan has really changed his tune. 😅
Disagree with no RE debt. My case in point. Just sold a paid off 2 family that was cash flowing $1400 month. With the 440k proceeds I put half on a 4 family which will cash q flow $2000 month and the other half I did a collateralized loan that will get me $2100 a month in interest. Paid off property with tied up equity got me 1/3 of what I am now going to get. Makes no sense.
This guy said , he wouldn't take $1B with zero interest LMAO. Imagine having $700M in real estate and rates went to 1.9% and not taking anything back against it. He essentially cost himself a Billion dollars.
How did you go from bankruptcy and broke to buying real estate with no debt and no money?
You don’t lol 😂 j/k no clue
Who is talking, You or Ramsey?
In today economy if banks crash the whole financial system will collapse. That’s why they bailed banks in 2008. So because the financial system is actually a big ponsi scheme risk is actually backed up by it. It’s pretty messed up, got play with the system.
Bought 50k XAI508P COIN..from 4 cents to $1 soon..30 x.. Binance just bought 10 Billion XAI508P coin..🚀🚀🚀🚀
Just bought $2.5M of Baidu stock at $78 a share, wish me luck.
All depends on what you call secondary issues. Most " Christians" dont agree with primary issues without knowing that they don't. Most "Christians" are deceived when it comes to the gospel.
Your content is absolutely delightful! I’d love to collaborate and help you maintain a regular upload schedule by managing the editing, thumbnails, and more. This way, you can focus on what you love-creating! Let’s chat tomorrow about how we can make this happen
You talk a lot!
Wealth or not..... work or not.... our life is not about us focusing on ourselves and our joy. Serving agod means you have to pick up your cross and die to yourself every day, follow Jesus' commands and teach the gospel. No where in there does it say build hundreds of millions of dollars and retire and be joyful. What did Jesus say to the rich man who asked what he had to do? Yet the rich man walked away sad. He couldnt give up everything, die to himself and follow Christ. E careful what you wish for. You dont want to end up like the rich man who couldn't give it all up and follow Christ.
Your thumbnail is not a true representation of what he said at all. I really enjoyed the interview but don’t like misleading dishonest thumbnails.
You need to be called out on this you telling people to go do uber is extremely ignorant, within 1 year or less you can put Over 100,000 miles on your vehicle doing that so completely lose almost of of its value to depreciation and 10’s or thousands in vehicle repairs and maintenance also if they try todo it as a side hustle and that’s there only vehicle and they don’t have amazing credit your taking a car away from a family with no way for them to get another one and even if they do have excellent credit they are gonna end up going thru 1 car a year which means they are gonna be upside down on there car loan and keep rolling higher and higher until they $16k turns into $100k or higher loan bill of pure debit, and that’s with them working all day and night around the clock to make about $40k or less after all expenses are paid because Uber and Lyft steal 60 percent of the profit from the driver before paying us as 1099 independent contractors
Debt is KING!!!!!!
You should watch the video !!!!! LOL !!!!!!
It kinda seems like these two aren't actually talking to each other. Host talks while Dave is talking but never the other way around. Very sus.
Ryan coming to the Catholic Church I can see the Holy Spirit moving him.
Cash only!
AMEN !!!! I started out in leverage for many years and about 10 years ago I was like NO MORE !!!! I PAID OFF 6 HOUSES AND HAVE MASSIVE CASHFLOW NOW !!!! LOL !!!!! DAVE IS THE BEST !!!!
Sometimes I like Ramsey sometimes I don’t.
yoooo the clickbait game is crazy with that thumbnail
Ryan is way too smart to listen to Dave
Yeah right 😂 Dave is a billionaire
@@elijahmyers932 But Dave did not become a billionaire practicing what he preaches. If he leveraged his real estate, he would be even richer.
@@IndependentThinker74 Or he would have lost everything trying. You know, like he did the first time.
I can see right through Dave’s BS.
He has damaged more people than helped. But people can’t see it, they are debt free, still broke, stay ignorant unless you wanna experience cognitive dissonance followed by either denial or enlightenment and actually become financially independent.
So much "pent up demand" as inventory continues to climb. LMAO Dave ain't worth his salt anymore. Stick to selling life insurance and Every Dollar my man
Dave is too hard headed to change any of his views. He’s the grumpy grandpa that screams get off my lawn.
Uszy bola od sluchania tych bzdur.
Dave, please stop using God’s name in vain.
Dave is a con.
Name one American who isn't.
XAI508P pumping upcoming 🚀💰
Dave’s average employee makes $105k a year. That’s amazing.